Pieridae Energy Limited (PEA.V) (CVE:PEA) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Pieridae Energy Limited (PEA.V) (CVE:PEA)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.30 and traded as high as C$0.31. Pieridae Energy Limited (PEA.V) shares last traded at C$0.30, with a volume of 395,956 shares.

Pieridae Energy Limited (PEA.V) Stock Down 10.4 %

The business’s 50 day moving average is C$0.30 and its 200 day moving average is C$0.30. The company has a debt-to-equity ratio of 199.86, a quick ratio of 0.65 and a current ratio of 1.25. The stock has a market cap of C$47.29 million and a price-to-earnings ratio of -0.41.

About Pieridae Energy Limited (PEA.V)

Pieridae Energy Limited engages in the acquisition, exploration, and development of petroleum and natural gas resources in Canada. The company holds interests in 19,342 net acres in Ojay area, and 212,155 net acres in the Deep Basin Sierra and Ekwan areas, British Columbia; and 220,212 net acres in Northern Alberta Foothills, 180,938 net acres in Central Alberta Foothills, and 5,423 net acres in Southern Alberta Foothills, Alberta.